Today is Thursday, November 23, 2023.
El Niño.
A kind of magnifying glass to the global warming.
Even if you don't fully believe, try to turn on the oven in your kitchen and leave its door open for some time. 200 years, maybe. Wouldn't it be similar, for example, to the impact of gas burning in oil wells, mainly methane, in the approximately 16,000 "flaring sites" around the globe? Or the increase in the concentration of CO2 in the atmosphere, for several reasons, leading the a greenhouse effect?
There will probably not be enough ice on the refrigerator to counter balance that.
Or even the belief that airco produces cool air, while in reality, it throughs hot air to the outside. Just put your hand in the external part of an airco equipment and you will feel. Airco are heat exchangers. With the outdoor. On top, creates demand for more energy ... coming from which source?
Back to El Niño.
Despite already being felt on the skin by all living beings on Earth, let's recap about this phenomena that occurs on average every four years and lasts for about 18 months. Ceteris paribus.
According to NOAA, the National Oceanic and Atmospheric Administration from the United States, El Niño is the warming of the Pacific Ocean off of the western coast of South America near Ecuador and Peru. It is called El Niño as it was originally noticed near Christmas time. The opposite of El Niño is La Niña, and related to the cooling of the Pacific Ocean. Changes in the oceanic temperature leads to impacts in the atmosphere and the global weather.
Both in the Southern and Northern hemyspheres, both in winter or summer, it changes and amplyfies effects related to umidity, droghts, temperatures and intensity of atmospheric flows.
It impact water supply and food production.
Earlier this year, NOAA had already analysed consequences of the oceans being hotter than ever.
Financial Markets, usually materially immune to weather impacts also anticipated concerns. "A high probability for an El Niño event in the second half of 2023 brings concerns of extreme weather, persistent inflation, supply chain disruptions, and market volatility", as quoted in a Charles Schwab report mentioned in our post "El Niño Could Bring Storms to the Markets".
Click at the image below to here to read more (in English) and NOAA Climate Prediction Center's website.
There is an interesting animation of global impact and more to read about El Niño and La Niña.
Last but not least, we recommend reading again these posts:
and
